Barclays Says Markets May Overprice Chances of Near-Term Fed Hikes as Oil Rises
Barclays cautions that investors appear to be tilting toward higher odds of Federal Reserve rate hikes despite recent commodity-driven inflationary pressures. Analyst Jonathan Millar argues that the market is assigning roughly a 25% probability to a 25-basis-point rate increase by December, a stance the bank views as premature without clear, sustai…